| S.No. |
ENTITY |
PERSONS |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 61 |
|
SARTHI CAPITAL ADVISORS PVT.LTD.
(PAN:AARCS6417P)
|
|
|
DID NOT MAKE DISCLOSURE OF DEVIATION IN UTILIZATION OF FUNDS BY VIVO COLLABORATION SOLUTIONS LTD.
DID NOT ADHERE TO VARIOUS SEBI CIRCULARS
REPRESENTATIVES/EMPLOYEES DID NOT HAVE REQUISITE QUALIFICATION AND CERTIFICATION
|
IMPOSED PENALTY RS.15,00,000
22-MAR-2024
|
|
| 62 |
|
|
SB CAPITAL CONSULTANTS PVT.LTD.
|
|
|
DID NOT OBTAIN PRIOR APPROVAL FROM SEBI FOR CHANGE IN CONTROL IN TERMS OF PROVISIONS OF REGULATION 9A(1) (A) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992, CLAUSE 3 OF CODE OF CONDUCT AS SPECIFIED UNDER REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 AND SEBI CIRCULAR CIR/MIRSD/14/2011 DATED 02/08/2011
|
IMPOSED PENALTY RS.1,00,000
29-SEP-2016
|
|
| 63 |
|
|
SBI CAPITAL MARKETS LTD.
(PAN:AAACS7914E)
|
|
|
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATING CLAUSE 1 OF FORM C OF SCHEDULE VI OF REGULATIONS 8(2)(B), 57(1), 57(2)(A)(II) AND 64(1) OF SEBI ICDR REGULATIONS, 2009 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
DELIBERATELY SUPPRESSED CRUCIAL MATERIAL FACTS CONCERINING ENTRY DIRECTIVES/INSTRUCTIONS/GUIDELINES FOR PARTICIPATION BY NON-RESIDENT INVESTORS IN AN INDIAN COMPANY VIOLATIING CLAUSES 1, 4, 6, 7 AND 20 OF CODE OF CONDUCT FOR MERCHANT BANKERS AS SPECIFIED IN SCHEDULE III READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 IN MATTER OF INITIAL PUBLIC OFFER OF CREDIT ANALYSIS & RESEARCH LTD.
|
IMPOSED PENALTY RS.1,00,00,000 ALONG WITH OTHER ENTITIES/PERSONS
28-NOV-2014
|
SAT: SAT VIDE ITS ORDER DATED 04/10/2016 MODIFIED ITS EARLIER ORDER DATED 30/09/2016 AS “PER MAJORITY: AS PER MAJORITY DECISION, THE APPEAL IS ALLOWED AND THE IMPUGNED ORDER IS SET ASIDE WITH NO ORDER AS TO COSTS. “PER MINORITY: AS PER MINORITY DECISION, THE APPEAL IS DISMISSED AND THE IMPUGNED ORDER IS UPHELD WITH NO OTDER AS TO COTS.”
|
| 64 |
|
|
SKI CAPITAL SERVICES LTD.
(PAN:AAACS4864K)
|
|
|
DID NOT INDEPENDENTLY EXERCISE DUE DILIGENCE OF ALL DISCLOSURES IN PRIVATE PLACEMENT MEMORANDUM (PPM), SATISFY ITSELF W.R.T. VERACITY AND ADEQUACY OF DISCLOSURES AND MADE INCORRECT SUBMISSION TO SEBI WITHOUT VERIFYING THE FACTS PERTAINING TO DISCIPLINARY HISTORY OF THE FUND MANAGER
|
IMPOSED PENALTY RS.3,00,000
28-NOV-2024
|
|
| 65 |
|
|
SMC CAPITALS LTD.
(PAN:AABCS3706R)
|
|
|
DID NOT ISSUE CORRIGENDUM FOR RECTIFYING ALL ERRORS IN OFFER DOCUMENT OF PUBLIC ISSUE OF NCDS OF KOSAMATTAM FINANCE LTD. VIOLATING CLAUSE 4 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DELAY IN SUBMISSION OF CORRIGENDUM TO THE OFFER DOCUMENT TO STOCK EXCHANGE IN PUBLIC ISSUE OF NCDS OF KOSAMATTAM FINANCE LTD. VIOLATING OF CLAUSE 4 OF SCHEDULE III CODE OF CONDUCT READ WITH REGULATION 13 OF OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
IMPOSED PENALTY RS.5,00,000 ALONG WITH OTHER ENTITIES/PERSONS
31-JUL-2023
|
SAT: SAT VIDE ITS ORDER DATED 13/10/2023 DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN TWO WEEKS THEREAFTER
|
| 66 |
|
|
SWARAJ SHARES & SECURITIES PVT.LTD.
(PAN:AAGCS8286D)
|
|
|
DID NOT EXERCISE PROPER DUE DILIGENCE IN CERTAIN TAKEOVER TRANSACTIONS
DID NOT MAKE DISCLOSURE OF DESIGNATED EMAIL ADDRESS FOR INVESTOR GRIEVANCE ON ITS WEBSITE
DID NOT UPLOAD MONTHLY COMPLAINTS DATA ON ITS WEBSITE
DISCREPANCIES IN PERIODIC REPORTS
DID NOT DISPLAY INFORMATION REGARDING INVESTOR GRIEVANCE REDRESSAL MECHANISM AT ITS OFFICE OFFICES
DID NOT MAINTAIN DESIGNATED EMAIL ADDRESS
DID NOT IDENTIFY AND DESIGNATE A COMPLIANCE OFFICER
DID NOT INCLUDE ITS SUPPORT STAFF IN THE LIST OF DESIGNATED PERSONS
DID NOT MAKE TIMELY ENTRIES IN THE STRUCTURED DIGITAL DATABASE WITH RESPECT TO OPEN OFFERS HANDLED BY THEM
DID NOT INTIMATE SEBI IN CHANGES IN POSITIONS OF DIRECTOR, KEY MANAGERIAL POSITION AND COMPLIANCE OFFICER THROUGH SEBI INTERMEDIARIES PORTAL
CREATED FALSE RECORDS AND SUBMITTED FABRICATED DOCUMENTS TO INSPECTION TEAM
DID NOT REPORT INVESTOR COMPLAINTS AND UNABLE TO PROVIDE ANY SUPPORTING DOCUMENTS WITH RESPECT TO REDRESSAL OF COMPLAINTS
|
SUSPENDED REGISTRATION AS MERCHANT BANKER FROM 19-AUG-2025 TO 18-NOV-2025
19-AUG-2025
|
SAT: SAT VIDE ITS ORDER DATED 01/09/2025 PARTLY ALLOWED THE APPEAL BY REDUCING SUSPENSION PERIOD TO ONE MONTH FROM THREE MONTHS. DIRECTED NOT TO ON BOARD NEW CLIENTS FOR TWO MONTHS FROM DATE OF EXPIRY OF SUSPENSION PERIOD. NO COSTS
|
| 67 |
|
|
SYSTEMATIX CORPORATE SERVICES LTD.
(PAN:AAGCS3420D)
|
|
|
DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF IPO OF XYZ LTD. VIOLATING REGULATION 24(3) OF SEBI (ICDR) REGULATIONS, 2018
DID NOT EXERCISE DUE CARE AND DILIGENCE IN MATTER OF IPO OF XYZ LTD. VIOLATING REGULATION 13 READ WITH CLAUSE 4 OF SCHEDULE III OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
DELAY IN MAKING REQUISITE STATUS UPDATES IN SEBI INTERMEDIARY PORTAL VIOLATING REGULATION 9A(1)(F) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992 AND SEBI CIRCULAR DATED 02/05/2017
DID NOT MAINTAIN STRUCTURED DIGITAL DATABASE FOR MERCHANT BANKING RELATED ACTIVITIES DURING INVESTIGATION PERIOD VIOLATING REGULATION 3(5) OF SEBI (PIT) REGULATIONS, 2015
|
IMPOSED PENALTY RS.7,00,000
28-JUN-2024
|
|
| 68 |
|
|
TIPSONS CONSULTANCY SERVICES PVT.LTD.
(PAN:AADCT6508J)
|
|
|
ASSOCIATED WITH ISSUE OF U GRO CAPITAL LTD. PRIOR TO ITS APPOINTMENT AS MERCHANT BANKER
DELAY IN FILING OF DRAFT OFFER DOCUMENT WITH STOCK EXCHANGES
DID NOT CHECK WHETHER ANY FINES/PENALTIES WERE LEVIED BY STOCK EXCHANGES ON WATCHOUT INVESTORS WEBSITE
|
IMPOSED PENALTY RS.3,00,000
22-APR-2024
|
|
| 69 |
|
|
VERTEX SECURITIES LTD.
(PAN:AAACV7979E)
|
|
|
ALLEGED FAILURE IN OBTAINING PRIOR APPROVAL FOR CHANGE IN STATUS OF CONSTITUTION I.E.INDIRECT CHANGE IN CONTROL AS REQUIRED UNDER REGULATION 9A(1) (A) OF SEBI (MERCHANT BANKERS) REGULATIONS, 1992
|
REACHED SETTLEMENT ( SETTLEMENT CHARGES RS.3,00,000 VIDE CONSENT ORDER)
06-SEP-2011
|
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
| |
|
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| Page 4 of 4
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